State whether the following are included or excluded in the national i

1.	State whether the following are included or excluded in the national income. 1. purchase of second hand goods 2. operating surplus 3. production for self-consumption 4. interest 5. windfall gains and loses
Answer» 1. Purchase of second hand goods – excluded 2. operating surplus – included 3. old age pension – excluded 4. Production for self consumption – excluded 5. interest – included 6. windfall gains and loses – excluded

State whether the following are included or excluded in the national income. 1. purchase of second hand goods 2. operating surplus 3. production for self-consumption 4. interest 5. windfall gains and loses

Answer»

1. Purchase of second hand goods – excluded

2. operating surplus – included

3. old age pension – excluded

4. Production for self consumption – excluded

5. interest – included

6. windfall gains and loses – excluded